On April 20, President Ilham Aliyev signed a decree on application of the Law On Licenses and Permits.
The Cabinet of Ministers was commissioned in a month's time to prepare a bill on administrative responsibility for violation of the law.
The government, within one month also must approve the list provided by international organizations and internationally recognized approvals and procedures for recognition of these documents on the territory of Azerbaijan.
Several types of permits with their submission information, suspension, liquidation, etc. are subject to the provision of the Ministry of Taxes. The list of these types of permits will be determined within one month.
The Cabinet of Ministers is ordered to prepare the rules of a unified register of licenses and permits.
The law On Licenses and Permits provides for the implementation of the analysis of the regulatory impact on the separate spheres of economic activity. For the preparation of the rules of this analysis, the Cabinet has been allocated 2 months.
The Law On Licenses and Permits is attached the list (http://president.az/articles/19491) of 25 subjects to licensing activities, as well as a list (http://president.az/articles/19493) of 87 permits for business activities. ----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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